Gray Manufacturing is expected to pay a dividend of $2.65 per share at the end of the year (D1=$2.65). The stock sells for $36.00 per share, and its equired rate of return is 10.5%. The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate? vered 3.84% b. 6.66% c. 7.36% d. 8.13% e. 3.14%